The company posted R$1.1 billion in net profit in 2022, 30% less than the previous year, primarily due to the negative impact of increased costs on the operating results and higher depreciation related to assets acquired in recent years.
Votorantim Cimentos ended the second quarter of 2022 with consolidated net revenue of R$6.7 billion, an increase of 15% compared to the same period last year.
Votorantim Cimentos ended the first quarter of 2022 with consolidated net revenue of R$4.9 billion, an increase of 22% compared to the same period last year. This was primarily due to favourable price dynamics in Brazil, North America, Europe, Asia and Africa, in addition to the positive effect of new sales volumes resulting from acquisitions made by the company during 2021.